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At the press conference, it was announced that the Games would feature 14 sports, 15 disciplines, and 63 events, including established Olympic and Asian Games programs like swimming and sailing, as well as emerging sports such as teqball and beach kabaddi.

Eight competition venues (clusters) have been planned to support the event. Five are located along the Sanya Bay — renowned for its “Coconut Dream Promenade,” one is situated alongside the Sanya River, and two are within the Sanya Sports Center. This layout integrates the coastal beauty with the urban landscape. Construction is well underway as scheduled, and all venues are ready to welcome elite athletes from across the Asian continent.

To ensure service support for the Games, the organizing committee has designated 24 official reception hotels, capable of accommodating over 4,000 athletes and team officials. The catering services feature “dining islands” that offer Chinese cuisine, Western-style meals, and authentic Hainan specialties to satisfy the varied culinary preferences of all participating nations and regions.

According to the press conference, the opening and closing ceremonies will be held at Yasha Park within the Tianya Haijiao Scenic Area. By making the sky a backdrop, the sea a setting, and the beach a stage, both ceremonies will blend the beach sports with Hainan’s unique cultural elements. The performances will incorporate the natural beauty of Tianya Haijiao and the captivating local legend of “Luhuitou,” demonstrating the exchange and mutual learning of Asian civilizations in a multidimensional way.

Notably, the medal design for the Sanya Asian Beach Games was officially unveiled on the day. Titled “Tianya Moment,” the medal design draws inspiration from the classic Song Dynasty verse: “As the bright moon rises over the sea, we share this moment from the ends of the earth.” This poetic symbolism extends Sanya’s warm welcome to friends from across Asia. It is reported that a total of 189 medals (63 gold, 6 silver, and 63 bronze) will be awarded during the Games.

In order to foster the deep integration of culture, sports, and tourism, the organizing committee plans to host interactive experiences to promote Hainan’s intangible cultural heritage, Li and Miao ethnic folk performances, and beach concerts in key places such as the Athletes’ Village and the Yasha Park inside the Tianya Haijiao Scenic Area during the event, immersing global visitors in Hainan’s one-of-a-kind cultural charm.

Hainan is fully prepared to embrace the Games as a valuable link to connect the island’s unique tourism offerings. The premium “Competition & Leisure” round-the-island itineraries will invite athletes and visitors to discover Hainan through the Games, allowing them to be immersed in the island’s stunning natural beauty, the wonders of its tropical rainforests, the rich charm of Li and Miao ethnic cultures, and the excitement of duty-free shopping.

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By Nitya Chakraborty 2025 was the year of the maverick U.S. President Donald Trump. The developments during the year beginning January 20 evolved around Trump. He was the key decision-maker, irrespective of what other countries leaders felt. He cared little for the United Nations, WTO, WHO and all other multilateral bodies. He openly said ‘I […]

The article 2025 Was Donald Trump’s Year But 2026 Is Going To Be The Year With Xi Jinping’s Domination appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Hainan Heren Pearl Co., Ltd., which mainly imports pearls from overseas, has emerged as a direct beneficiary of Hainan FTP policies.

Under the value-added processing policy, the company can sell its high-value products to the mainland duty-free, cutting its overall tax burden from about 52 percent to roughly 26 percent and redirecting the savings into research and development, said Zhang Shizhong, the company’s chairman.

“The FTP holds great promise, with more policy dividends set to be released in the future,” Zhang said.

One notable special customs policy is offering “freer access at the first line,” referring to freer trade between Hainan and areas outside China’s customs borders, and “regulated access at the second line,” which involves applying standard customs controls for goods moving from Hainan to the mainland.

According to Haikou Customs, from Dec. 18, 2025 to the early hours of Jan. 18, 2026, the value of “first line” imported zero-tariff goods was 753 million yuan (about 107 million U.S. dollars); the value of processed and value-added goods sold domestically through the “second line” was about 85.9 million yuan.

In Wanning City, production lines at Chia Tai (Hainan) Xinglong Coffee Industry Development Co., Ltd. are running at full capacity. The company imports green coffee beans from Colombia and processes them in Hainan before shipping the finished products to the mainland, enjoying an 8 percent tariff reduction under the FTP policies.

“After the launch of island-wide special customs operations, Hainan will gradually become a value-added processing center and trade hub with global resource allocation capabilities,” said Ye Jian, the company’s general manager. “Enterprises will not only pass through Hainan, but also be able to put down roots here and create higher value.”

Drawn by the policy incentives, a growing number of companies are choosing to do business in Hainan. The General Administration of Customs said a total of 5,132 new foreign trade enterprises completed registration in Hainan over the past month, an increase in a month roughly equivalent to the total registrations in an entire quarter of 2024.

The total number of registered foreign trade market entities in Hainan has surpassed 100,000, according to official data.

As the policy came into force, major ports across Hainan saw a surge in activity.

Days after Hainan began island-wide special customs operations, a flight from Prague carrying 115 European passengers touched down in the tourist city of Sanya, marking a breakthrough in the high-level opening up of the aviation sector at the Hainan FTP.

The arrival marked the launch of China’s first official passenger route operated under the Seventh Freedom of the Air, which allows foreign carriers to operate flights between two foreign countries without having to land in their home country.

The route is operated by Kazakhstan’s Scat Airlines, with one round-trip scheduled each week.

At Yangpu Port, the largest cargo port in the Hainan FTP, mega-ships berthing in quick succession, gantry cranes operating around the clock, and container trucks moving in tightly coordinated flows have become a routine sight.

“Yangpu will shoulder the role of the main logistics gateway of the Hainan FTP,” said Yang Xiaobin, deputy head of the Transportation, Port and Waterway Bureau of Yangpu Economic Development Zone. “The port aims to build a smart and green international shipping hub and logistics center.”

Container throughput at Yangpu reached 3.31 million twenty-foot equivalent units (TEUs) in 2025, up more than 65 percent from a year earlier.

“It is particularly noteworthy that the Hainan FTP launched island-wide special customs operations at a time of intensifying deglobalization and rising global uncertainty,” said Cui Weijie, deputy director of the Chinese Academy of International Trade and Economic Cooperation, a think tank with the Ministry of Commerce.

“It not only demonstrates China’s unwavering commitment to high-standard opening up, but also injects greater certainty and positive momentum into the global economy and international trade cooperation,” Cui said.

Hashtag: #HainanFreeTradePort #HainanFTP #CustomsReform #FreeTradePort #DutyFreeTrade

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Stability is not their only concern, however; the drive toward carbon neutrality is accelerating the adoption of renewable energy and electrification. Integrating large amounts of new energy sources and managing unpredictable new loads requires flexibility from power systems.

Jason Li, President of the Marketing & Solution Sales Dept of Huawei Electric Power Digitalization BU, explained that “In the past, we relied mostly on automation to address issues in power grids. In the future, however, power grids will transform from mere transmission systems into pivotal players in the energy transition. Digitalization and AI are shifting from optional upgrades to essential elements in core power generation. Together with automation, they form the key drivers for modernizing power grids.”

He added, “We believe that deeply integrating digital technologies into power scenarios and reshaping production and operations with telecommunications and AI will enable grids to achieve both ultimate stability and flexibility.”

The large-scale integration of distributed PV, energy storage, and charging piles into the grid, coupled with growing user interaction and potential load-side transactions, presents new challenges for maintaining the balance, stability, and security of distribution networks.

“The breakthrough for future power systems lies in the distribution network,” Jason noted. “And the key to addressing distribution challenges is transparency at the 400 V low-voltage level. To achieve this, Huawei and partners have jointly developed the intelligent distribution solution (IDS) for transparent low-voltage management.”

At Mobile World Congress 2026 in Barcelona, Huawei will showcase its latest AI applications in power digitalization, including innovative solutions for intelligent power distribution, substations, and power plant inspections. To explore successful digital transformation in the power sector, visit the Huawei booth at stand 1H50, Fira Gran Via Hall 1.

Hashtag: #Huawei

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First Shell Recharge Electric School Bus Charging Station installed in CUHK

As one of the leading global energy companies, Shell continues to focus on its strategy to deliver more value with less emissions while working to become a net-zero emissions business by 2050, contributing to global decarbonisation. This year, Shell installed CUHK’s first Shell Recharge electric school bus charging station, featuring two fast chargers with a power output of 120 kW, ensuring rapid and efficient energy replenishment for CUHK’s electric school buses. At the same time, Shell consistently upholds high safety standards, with stringent controls in the design, installation, and operation of the charging station to ensure a safe and reliable electric vehicle charging experience.

Since 2018, Shell has supported CUHK’s sustainability initiatives by supplying Shell FuelSave Diesel B5 for the university’s fleet, helping reduce emissions and enhancing operational efficiency. The collaboration has expanded with the introduction of fast-charging facilities further modernises CUHK’s transportation system and accelerates the adoption of innovative low-carbon technologies. Looking ahead, Shell will continue to work with CUHK to lead the development of advanced mobility solutions and demonstrate leadership in campus sustainability.

Mr. Yew Chong Tan, General Manager of Shell Commercial Fuels East, commented, “At Shell, we are committed to working with customers and partners to provide holistic energy solutions that power progress together. The installation of this electric school bus charging station at The Chinese University of Hong Kong exemplifies our dedication to such collaboration as we navigate the energy transition.”

First Hybrid School Bus to Begin Operates at CUHK

The Hong Kong Productivity Council (HKPC) has provided CUHK with the first hybrid school bus ever deployed on a Hong Kong campus, which helps reduce diesel consumption and lower exhaust emissions compared to regular diesel coaches. When utilizing fast charging directly, it can reach an 80% battery charge in as little as 25 minutes.

Mr. Yonghai Du, Chief Innovation Officer of HKPC and General Manager, Centre of Advanced Power and Autonomous Systems (APAS), added, “This 12-meter plug-in hybrid bus is the first green transport project designed, developed, and assembled in Hong Kong by APAS, funded by the Innovation and Technology Fund and supported by our industry partners. This collaboration exemplifies the shared commitment of academia and industry to social responsibility. HKPC will continue to pioneer diverse innovative solutions, foster collaboration among ‘Government, industry, academia, research, investment, and applications’, expand the application demonstration of new technologies, products, and scenarios, and drive the transition towards green transportation.”

CUHK Advances Low-Carbon Transportation

These two major initiatives not only highlight CUHK’s dedication to sustainable development but also set a new standard for environmentally conscious transformation in transportation across Hong Kong.

Mr. Simon Lee, Director of Security and Transport at The Chinese University of Hong Kong, stated, “CUHK is committed to promoting sustainable development and embedding environmental protection principles within daily campus operations. By installing the EV charging station and introducing the hybrid campus bus, we aim to offer convenient transportation for staff and students while reducing carbon emissions and achieving low-carbon mobility. I would like to express my heartfelt gratitude to Shell for its strong support of the charging station project and to the Hong Kong Productivity Council for its professional assistance in introducing the hybrid campus bus, enabling us to jointly drive campus transportation toward a new green milestone.”

Hashtag: #Shell #CUHK #ElectricBusChargingStation

https://www.shell.com.hk/

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SINGAPORE – Media OutReach Newswire – 19 January 2026 – Madame Tussauds Singapore hosted an exclusive fan meet event on 16 January 2026, featuring international music and entertainment icon AGNEZ MO, bringing fans up close with the superstar in an intimate and memorable setting.

The special appearance marked a meaningful reunion between AGNEZ MO and her wax figure, which was first unveiled at Madame Tussauds Singapore in 2022. The fan meet offered a rare opportunity for fans to reconnect with the multi-talented artist while celebrating her continued global success.

Hashtag: #MerlinEntertainments #MadameTussaudsSingapore

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Madame Tussauds Singapore

Madame Tussauds has been inviting people to walk the red carpet and get closer to the revered – and feared – for over 250 years. With 22 attractions in the world’s top destination cities, we are dedicated to giving millions of visitors the opportunity to mingle with the mighty from A-listers to music legends, heroes of sport, to infamous world leaders. Today, we continue to partner with the global icons of a generation to create astonishing lifelike figures from sittings and offer exciting and interactive experiences to ensure guests have never felt closer to fame.

Merlin Entertainments is a world leader in branded entertainment destinations, offering a diverse portfolio of resort theme parks, city-centre gateway attractions and LEGOLAND Resorts which span across UK, US, Western Europe, China and Asia Pacific. Dedicated to creating experiences that inspire joy and connection, Merlin welcomes more than 62 million guests annually to its growing estate, with over 140 sites across 23 countries. An expert in bringing world-famous entertainment brands to life, Merlin works with partners including the LEGO Group, Sony Pictures Entertainment, Peppa Pig, Dreamworks and Ferrari to create destinations where guests can immerse themselves in a wide array of brand-driven worlds, rides, and uplifting learning experiences. See www.merlinentertainments.biz for more information.

UAE President Sheikh Mohamed bin Zayed Al Nahyan arrived in New Delhi on a working visit, marking another step in the steady expansion of political, economic and strategic ties between Abu Dhabi and New Delhi. He was received at the Palam Air Base by Prime Minister of India Narendra Modi, accompanied by senior members of the Union Cabinet and officials from the external affairs establishment, underscoring the importance both sides attach to the engagement.

The visit places renewed focus on deepening UAE–India partnership at a time when bilateral cooperation spans trade, energy security, technology, defence and people-to-people exchanges. Officials said discussions during the visit would review progress under existing agreements while identifying new areas for collaboration aligned with long-term economic and geopolitical priorities.

The UAE and India have built a close relationship over the past decade, anchored by high-level political engagement and sustained institutional cooperation. The elevation of ties to a Comprehensive Strategic Partnership has provided a framework for collaboration across sectors, with regular leader-level interactions helping to maintain momentum. Sheikh Mohamed and Prime Minister Modi have met frequently on the margins of multilateral forums and through bilateral visits, creating a rapport that has translated into concrete outcomes.

Trade and investment remain central to the agenda. Bilateral non-oil trade has expanded significantly following the implementation of the Comprehensive Economic Partnership Agreement, which reduced tariffs, simplified customs procedures and opened services markets. Officials on both sides view the agreement as a catalyst for further growth, particularly in manufacturing, logistics, food security and digital services. The UAE has also emerged as a major investor, with sovereign and private capital flowing into infrastructure, renewable energy, ports and technology ventures.

Energy cooperation continues to be a pillar of the relationship. The UAE is a key supplier of crude oil and liquefied natural gas, while joint investments in strategic petroleum reserves and downstream assets have added depth to the partnership. As both countries pursue energy transition goals, collaboration has widened to include renewables, green hydrogen and climate technology, reflecting shared commitments to sustainability and diversification.

Defence and security cooperation has gained prominence amid evolving regional and global challenges. Regular joint exercises, intelligence exchanges and defence industrial cooperation have strengthened interoperability and trust. Counter-terrorism, maritime security and cyber resilience are areas where officials see scope for closer coordination, particularly given the shared interest in stable sea lanes and secure digital infrastructure.

Technology and innovation feature prominently in the discussions. The UAE’s push to position itself as a hub for advanced technologies aligns with New Delhi’s focus on digital public infrastructure, fintech and start-up ecosystems. Partnerships between research institutions, technology firms and start-ups have expanded, supported by policy initiatives and investment platforms designed to facilitate cross-border collaboration.

The large expatriate community also shapes the relationship. Millions of people from India live and work in the UAE, contributing to its economy and cultural diversity, while remittances and professional exchanges strengthen social and economic links. During past engagements, leaders have highlighted the role of this community as a bridge between the two nations, with initiatives aimed at skills development, worker welfare and cultural exchange.

On the multilateral front, both countries coordinate positions on regional stability, economic governance and climate action. Cooperation within forums such as the G20, where the UAE has participated as a guest under New Delhi’s presidency, has reinforced alignment on development priorities, debt relief for vulnerable economies and sustainable growth.

Officials familiar with the visit said meetings would assess progress on commitments made during earlier engagements and set timelines for new initiatives. Agreements and memoranda of understanding under consideration span sectors including education, healthcare, space cooperation and financial services, reflecting the breadth of the partnership.

By Nitya Chakraborty The annual summit of World Economic Forum began in the Alpine hills of Davos in Switzerland on January 19 with the European leaders and the businessmen rattled over the confrontationist approach taken by the U.S. President Donald Trump on Greenland annexation. After imposing 10 per cent tariff on the EU countries taking […]

The article Davos 2026 Delegates Are Panicky As Trump Is Set To Explode His Policy Bomb On January 21 appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Distinguished guests attending the event included: Zhang Tong, Senior Consultant of the China International Cultural Communication Foundation and former Member of the Party Leadership Group of the National Audit Office; Chen Zhiming, former President of the Air Force News; Yang Xiaoyang, Chairman of the China National Society for the Promotion of Arts and Culture; Shi Yuhui, Secretary of the Party Leadership Group and Director of the Fujian Provincial Government Office in Beijing; Xiao Hanhui, Chairman of the CPPCC Quanzhou Municipal Committee; and Pan Zhigang, Chief Economist of the China International Cultural Communication Foundation and Director-General of the Taihu World Cultural Forum (China Government Foreign Affairs Forum). Ambassadors from Albania, Latvia, Bulgaria, Argentina, and Turkey also attended the event.

Elegant swirls of Yongchun incense opened the event, setting the stage for the stunning debut of the “Yongchun Incense Aesthetics Fashion Show,” which ingeniously blended traditional craftsmanship with modern fashion, injecting a rich cultural atmosphere and fashionable vitality into the scene.

Industrial cooperation and concrete project deals formed the core of this promotion. A series of agreements were signed on-site, including a “Cultural Export of Yongchun’s Intangible Heritage” project between the China International Cultural Communication Center and the Yongchun County Government, designed to systematically promote Yongchun’s culture globally. A package of deals under the “China Fragrance Capital · Fashion Yongchun” initiative was also concluded, providing impetus for the traditional incense industry’s shift towards branding and fashion. The distinctive “Yongchun Incense Aesthetics Fashion Show” vividly demonstrated the potential of heritage crafts in modern life by pairing traditional incense-derived accessories with contemporary apparel.

A range of supporting activities accompanied the main event, including the food promotion event “Kui Xing Banquet”, intangible cultural heritage flash mobs, and related special exhibitions, allowing citizens of the capital to experience the cultural charm of Yongchun up close. In the future, Yongchun will further integrate culture with tourism, accelerate the global outreach of its high-quality products and cultural resources, and build itself into a model for Maritime Silk Road cultural exchange where tradition and modernity resonate, and industry and humanities flourish together.

Hashtag: #Yongchun

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ESET MDR delivers industry-leading real-time detection and a mean-time-to-respond (MTTR) of 6 minutes to keep businesses secure

SINGAPORE – Media OutReach Newswire – 19 January 2026 – ESET, a global leader in cybersecurity solutions, today announced the launch of two Managed Detection and Response (MDR) subscription tiers: ESET PROTECT MDR for small and medium businesses (SMBs) and ESET PROTECT MDR Ultimate for enterprises in Singapore.

Bridging the gap with MDR

ESET PROTECT MDR delivers a comprehensive cybersecurity package, offering 24/7/365 superior protection. This includes modern protection for endpoints, email, and cloud applications, vulnerability detection and patching, and managed threat monitoring, hunting, and response. For enterprises, ESET PROTECT MDR Ultimate offers continuous proactive protection and enhanced visibility, coupled with customised threat hunting and remote digital forensic incident response assistance.

ESET’s APAC SMB Cybersecurity Report 2024 revealed that 49% rate lacking a dedicated cybersecurity team and 52% rated keeping up with the latest threats as one of the top three cybersecurity challenges in Singapore. 31% also cited alert fatigue as the biggest challenge. Incidentally, APAC also faces the largest shortage of cybersecurity experts in the world. These highlight the urgent need for skilled cybersecurity professionals and managed services that can help bridge the country’s growing talent gap. ESET’s MDR services ensure organisations of all sizes and cybersecurity maturity to stay one step ahead of all known and emerging threats, effectively closing the cybersecurity talent gap, and facilitating expert consultations for incident management and containment in a fully managed experience.

ESET MDR delivers a remarkable 6-minute Mean Time to Respond (MTTR) — the fastest in the industry*. In comparison, the median time for organizations to detect a breach is 24 days**, leaving critical systems and data exposed for weeks. Every hour that a breach goes undetected dramatically increases the risk of data loss, operational disruption, and financial damage.

“Cyber threats are becoming more sophisticated and more time-critical, especially in highly connected digital economies like Singapore,” said Pamela Ong, Country Manager of Asia and Singapore at ESET. “Our AI-powered MDR services combine automation, human expertise, and global threat intelligence to help organisations move beyond reactive security. The ability to detect and respond within minutes can make the difference between a contained incident and a major breach.”

ESET’s MDR services Meet the Unique Challenges of MSPs

ESET recognises the growing pressures facing MSPs who must balance the critical task of securing clients’ complex IT environments with their own business growth and operations. With threat actors going heavy on supply-chain attacks and abusing MSP tooling, MSPs too find themselves fixed in the crosshairs of cybercriminals. Simply put, MSPs are not only potential victims, but also potential accessories to a crime. To help MSPs fulfill their security potential, ESET’s MDR is also designed to be deployed in an MSP environment with a single solitary security service, available 24/7 that help MSPs to secure themselves as well as their clients.

For more information, please visit www.eset.com/sg

*Based on publicly available information as of 1 October 2025.
**Verizon 2025 Data Breach Investigations Report
Hashtag: #ESET

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About ESET

ESET® provides cutting-edge digital security to prevent attacks before they happen. By combining the power of AI and human expertise, ESET stays ahead of known and emerging cyberthreats — securing businesses, critical infrastructure, and individuals. Whether it’s endpoint, cloud, or mobile protection, our AI-native, cloud-first solutions and services remain highly effective and easy to use. ESET technology includes robust detection and response, ultra-secure encryption, and multifactor authentication. With 24/7 real-time defense and strong local support, we keep users safe and businesses running without interruption. An ever-evolving digital landscape demands a progressive approach to security: ESET is committed to world-class research and powerful threat intelligence, backed by R&D centers and a strong global partner network. For more information, visit www.eset.com or follow us on LinkedIn, Facebook, and X.

Pioneering Logistics Data Connectivity to Empower SME Financing

HONG KONG SAR – Media OutReach Newswire – 19 January 2026 – In response to the evolving global trade landscape and accelerating digital transformation, Hong Kong is consolidating its strength and reinforcing its position as an International Trade Centre while driving industry digitalisation. PAO Bank Limited (“PAObank”) has actively support the HKSAR Government’s initiatives to promote data-sharing infrastructure and financial technology development. PAObank adopted data from “Port Community System” (“PCS”), serving as a pilot case to explore the potential of the PCS data in replacing traditional freight documentation. PAObank has been invited to join PCS Rollout Ceremony, sharing professional insights on leveraging cargo data to promote digital trade finance.

The PCS enables interoperability of logistics data across sea, land and air transport, establishing a comprehensive and reliable logistics footprint for cargo transiting through Hong Kong. PAObank, as the first digital bank to participate in the Commercial Data Interchange initiative, has become a leader in harnessing alternative data to streamline financing process. PAObank was invited to PCS Rollout Ceremony on 16 January to share its practical experience in utilising PCS for trade finance. The real-time import/export customs declaration and cargo data provided by PCS empower banks to better understand the trade and capital flows of SMEs, thereby reducing credit costs and enhancing the efficiency of trade finance.

Mr. Ambrose Wong, Alternate Chief Executive & Chief Risk Officer of PAObank, remarked in the panel discussion, “As one of the Ping An Group’s integrated financial platforms in Hong Kong, PAObank is driven by the vision of empowering finance through technology. We are at the forefront of utilising alternative data to simplify SME financing and establishing industry benchmarks. Traditional port information is often fragmented, and banks lack access to consolidated trade data, making it difficult to assess business operations and credit risks in a timely and accurate manner, which affects financing efficiency. PCS provides unified, reliable, and comprehensive logistics data, further breaking down industry data barriers. This enables banks to access real-time data, quickly and accurately evaluate SME business conditions, and conduct more precise credit approvals to meet SMEs’ funding needs and help them seize business opportunities.”

Mr Ambrose Wong continued, “PAObank is honoured to serve as one of the pilot cases for the PCS, contributing to system optimisation and the realisation of cross-sector data sharing. PAObank will continue to support the HKSAR Government in jointly promoting the digitalisation of trade finance, deepening application scenarios, and enabling more SMEs to benefit from robust data-sharing infrastructure, contributing to strengthening Hong Kong’s position as an international financial and trade centre.”

Looking ahead, as part of Ping An Group’s integrated financial platforms in Hong Kong, PAObank will continue to strengthen its commercial data utilisation, integrating diverse data from trade, logistics and finance to unlock data potential. The bank will continue to be the trade partner, offering banking services including foreign currency deposits, cross-border remittance, and foreign currency exchange to help SMEs unlock their business potential. In addition, PAObank is actively developing innovative financial technologies to provide more diversified services for SMEs and individual customers, working together to promote the sustainable and healthy development of Hong Kong’s economy.
Hashtag: #PAObank #PCS #TradeFinancing

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PAO Bank Limited

PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking, serving customers in Hong Kong and the Greater Bay Area, establishing itself as one of the Ping An Group’s comprehensive financial platforms in Hong Kong.